There are three types of marine cargo policy:
||To cover your single shipment / one off shipment.
||Organization / person with very low valume of instances of sending goods.
Marine Open Policy (MOP) - Annual or Always Open Policy
To cover all your shipment made within the MOP period.
||Organization with high volume of instances of sending goods.
|Marine Project Cargo
||To cover shipment of cargoes related to your project from the start date until it is finished.
||Organization which is involved in a construction project.
What you are insured for?
There are three basic covers which provide different options for you to choose from, according to your needs:
|Institute Cargo Clause (A) 1/1/82, cl. 252
|| Provides the widest cover and is also most expensive
|Institute Cargo Clause (B) 1/1/82, cl. 253
|| Provides less cover and costs less
|Institute Cargo Clause (C) 1/1/82, cl. 254
|| Provides a limited basic cover at a minimum cost.